Where is bitcoin going? Is bitcoin dropping below $6000?

in #bitcoin7 years ago (edited)

I think bitcoin can drop to a new yearly low.

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I didn’t have a ton of bitcoin at $17000, but that’s where I traded out of bitcoin.

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Steem and othe crypto currencies are down considerably, because bitcoin is 39.3% of the coinmarketcap.

Please comment with your price prediction for bitcoin for the rest of 2018.

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My prediction in short time: drop to 9000USD, 5-3-5 correction, then rise to 14000 USD if inverted Head and shoulder patterns confirmed...
ATH this year on 30000 USD

Wow! I really appreciate your comment. You’re the bullish of the bunch so far. $9000 is the support point. Steem On!

We should be optimist my friend...
Enjoy cryptoland!

I know my content isn't followed by many, nor do I think it deserves a lot of followers, but I really wish I got more comments on the future price of bitcoin. Thank you for all the comments.

if it comes back to that price i am not leaving it :D

If you believe in bitcoin, you shouldn’t leave it.

$9K seems to be the last stop

bitcoin will repeat the history

I am pretty optimistic that we already saw the lowest point for Bitcoin this year. So I don't think we are going to 6.000$ again.

How quickly the price changes. What an interesting place we find ourselves. I follow Tone Vays, and he gives the best daily technical analysis.

  • If Bitcoin is strictly speculation and risk Bitcoin could go to less than $1000
  • If Bitcoin is strictly technological innovation with utility I think it will touch $12,000 this year.

In no way do I believe it will reach $17,000 this year.

You actually think Bitcoin cannot reach 17.000$ this year? I really doubt that's impossible.

I never said anything is impossible. I just gave my own personal belief. Let it run to for $40,000 IDK, I just see a correlation between risk on wall street and cryptocurrency. You have to study both before you make predictions. Hot money isn’t coming from just crypto enthusiasts. You want it to be a trillion dollar market, you need institutional money. Institutional money is going to be pounded this year unless there is a new QE campaign.

I think we will see a new low before we see $12000

Man, I really appreciate your comment. This is a game changer for the crypto currency market.

I also sold all my Bitcoin for $17 000 and was very happy to bail out of it for big profits - I think it's a dog.

My prediction (BEST GUESS) - it will stay above $5000 but won't go above $25 000 - so it's a crap investment...

I really appreciate your comment. You are the most bearish so far. If it hits 6000, it will drop below for sure. Calling bitcoin a lemon will kill you on some communities.

The ones I hang out in call it far worse!

could really test $8000 the max right now

@runrideflySeems like the impact of the big dip from the beginning is flattening out.
You're proving spreading investments is an answer to reduce risk ... I didn’t have a ton of bitcoin at $17000, but that’s where I traded out of bitcoin.
##Upvote/Resteem###

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